Northwestern's Home Equity Overdraft Advance gives you the peace of mind of knowing you can write checks without worry or hassle. Because your checking account is linked to your Homeowner's Equity Line, there's no need to be concerned about overdrawing your account, even if the balance isn't enough to cover the amount of your purchase. And the interest rate is better than using your credit card!
How Home Equity Overdraft Advance Works for You
- You write a personal check for more than the available balance in your checking account.
- Home Equity Overdraft Advance automatically creates a cash advance in $100 increments from your Homeowner's Equity Line and deposits it into your checking account to cover the overdraft.
- The cash advance deposit will appear on your next checking statement. A small overdraft advance fee is assessed for any day on which one or more advances are made.
There's no application fee for Home Equity Overdraft Advance. Contact your local Northwestern Bank office or call 1-866-935-4357 to sign up today!